Costs Of Setting Up A Dubai Based Firm, How To Manage Them?
- davidbakers
- Jun 1, 2017
- 2 min read
Starting a business anywhere in the world is a great thing for anyone and is the ultimate in any body’s life whether it’s a startup being initiated by the young enthusiastic youngsters or it’s a full fledged business by an experienced person or a group of people in the field.
Location:- One thing to make sure before starting a company that the location selected is well suited and the environment is business friendly one. So what better than Dubai where the whole world wishes to incorporate.
Important thing:- Company setup Dubai based expenditures are a thing that needs to be planned before setting sails in this wonderful and business friendly city. This in one of the most important steps that need to be considered despite the fact that it provides a tax-free trading facility.
DED website:- The department of economic development has mentioned all the necessary things on its website so that the investors can have an idea on the expenses and fees they have to pay for obtaining the trade license.
Free zone expenditures:- One thing to keep in mind when starting a business in the free zones of the city is that each free zone has its own fees and the procedures that need to be followed.
Some free zones also require that the investor must possess a minimum amount of capital if they are looking to establish an enterprise in any of the free zones as against setting up a branch of an already operational company.
Sponsorship costs:- Sponsorship of the employees and costs of providing the workforce with visas and the expenditure of paperwork afterward is also beared by the investor. Businesses must also keep in mind the cost that will incur for the importing of goods to the country.
Trading costs:- There are clear guidelines given about what types of goods can be imported and exported by the Dubai customs. If the newly established company setup Dubai based organization is planning to do trade within the GCC countries then the expenditures are low.
But on the other hand, the circle of trading beyond the GCC market is sure to incur more expenses for the firm.
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